Mumbai: Prices, led by IT shares, started on a promising note on the Bombay Stock Exchange (BSE) on September 12 on renewed buying by foreign institutional investors (FIIs) after a smart rise in New York prices.

The BSE Sensitive Index opened sharply higher at 4407.72, showing a gain of 14.59 points over the September 11 closing level of 4393.13 and rose further to a high of 4437.00 and was currently quoted at 4415.28 points, still stronger than the previous close.

In the IT sector, Infosys Tech, Satyam Comp, HCL Tech, Wipro, Digital and Hughessoft were prominent gainers.

Elsewhere, ACC, BHEL, Cipla, Dr Reddy, Glaxo, HDFC, ITC, Larsen, State Bank and Reliance also found good support and quoted higher.

However, Guj Gas, IDBI Bank, Grasim, Nestle, Telco and Tesco lacked any worthwhile support and remained weak.

Higher New York advices prompted heavy FII buying as US stocks strengthened on September 11 in the face of downgrades of DuPont and International Business Machines and the Dow Jones Industrial Average rose by 39.30 points, while NASDAQ Composite Index firmed up by 23.46 points, marketmen said.

Unexpected fall in weekly job claims also boosted the market sentiment in New York Stock Exchange, they said.

PTI